Leapfin Announces New Partnership with Connor Group and Its First VP of Product to Help Finance Maximize Profitability
New partnership and Former CFO and OpenGov and Blackline Product Leader will transform Finance teams with a platform to automate financial processes
SAN MATEO, Calif., April 18, 2023 /PRNewswire-PRWeb/ -- Leapfin, the company behind the pioneering Finance Data Platform, today announced a partnership with the Connor Group and the appointment of its first VP of Product, Caitlin Steel. These additions combine the best resources for Finance and transformation and the best technology to support modern, real-time Finance decision-making.
The partnership with Connor Group, a leading specialized professional services firm solving complex finance, operational, and technology challenges for its customers, will help joint clients transform and automate financial processes, prepare for IPO, and maximize profitability for upcoming financing events. In parallel, Leapfin has announced a new focus to help provide digital companies with accurate, real-time, detailed transaction data to help Finance teams accelerate month-end close, eliminate audit stress, and accelerate the path to profitability, which Caitlin Steel will accelerate.
"Today's wartime CFOs need to be armed with complete, detailed, and up-to-date data to make critical decisions regarding cash position and profitability in a tough market. Digital businesses process transactions with a diverse finance technology stack, including billing systems, payment service providers, and mobile app stores; the existing Order to Cash process needs to evolve to provide Finance with ownership over transaction data," said Ray Lau, CEO at Leapfin.
"We're excited to partner with Connor Group, whose services and expertise are renowned in Financial Operations and readiness for IPO and other strategic financing events, to help more CFOs drive business success with real-time data, deliver the joint value of our Finance Data Platform, and provide shared expertise to our mutual customers. Our partnership will help arm CFOs with the tools they need to accelerate the path to profitability efficiently and at scale," continued Lau.
"In fact," said Lau, "it was one of our customers who introduced us, and we're looking forward to sharing more of the joint value we're creating with them and others in the near future."
"Partnering with Leapfin, a leading finance data platform, will allow us to bring a pre-built automated solution to our clients that facilitates recording and reporting high volume customer transactions," said Lauren Bowe, Automation and Analytics Leader at Connor Group. "Top growth companies rely on Connor Group to solve their most complex technology and business issues. We leverage our accounting and engineering experience to bridge the gap between finance and technology solutions."
Bowe continued, "Connor Group and Leapfin together provide accurate financial data in real-time to successfully support informed decisions. Implementing the Leapfin platform is an obvious enhancement in the value we bring our clients."
The appointment of Caitlin Steel brings her over a decade of expertise in building products for Finance team transformations from Blackline, Xactly, and OpenGov, as well as prior experience as a CFO.
"As a CFO, I hated relying on manual processes to close the books, manage audits, and provide my business partners with solid information. Those manual efforts kept my team and I from spending most of our time where we wanted to be: improving profitability, helping identify smart operational and strategic investments, and supporting the CEO and Board," said Steel.
"Since becoming a Product leader, I've been on a mission to free Finance teams to manage what matters, but we've been fighting a losing battle against the proliferation of operational data and systems that Finance teams have to reconcile. I'm so excited to join Leapfin's leadership team, who share my vision of Finance teams powered by the data they need, when they need it, at the level of detail they need — instead of stuck in workflows and Excel," Steel continued.
For more on how Leapfin is fulfilling the promise of Finance Data Platforms, please join us on April 26, when Caitlin will introduce a wide range of new capabilities.
About Leapfin
Leapfin turns operations data into finance data in real-time for the world's leading digital brands.
The Leapfin Finance Data Platform unifies billing, ordering, payment, CRM, and other production data with intelligent accounting automation to create a GAAP-compliant, immutable Leapfin Financial Record for every transaction.
The Leapfin Finance Data Platform provides reliable and fast financial reporting to controllers, transaction-level detail for analysis to finance, and visibility to real-time revenue to decision-makers.
Canva, Reddit, SeatGeek, Medium, Vimeo, and many other fast-growing, high-volume digital brands trust Leapfin to be their finance data system of record.
Visit leapfin.com to learn more.
About Connor Group
Connor Group is a specialized professional services firm of Big 4 alumni and industry executives. Connor Group's team of highly experienced professionals helps financial executives with their most complex and significant matters, including financial accounting and operations, IPO and M&A services, digital solutions, and managed services.
The firm was founded in 2006 and has grown to more than 500 professionals with core offices in Silicon Valley, San Francisco, New York, Salt Lake City, and Boston.
Visit connorgp.com to learn more.
Media Contact
Uri Kogan, Leapfin, 1 6504503892, [email protected]
SOURCE Leapfin
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